19th Annual US Real Estate Opportunity & Private Funds Investing Forum
The IMS team recently packed their bags and headed to Newport, Rhode Island, for the IMN Real Estate Opportunity and Private Fund Forum. IMS always relishes the chance to get out of the office and connect with other CRE professionals, and June 24–26 was spent connecting with some of the best and brightest in the commercial real estate community. Events like these provide unrivaled access to asset managers, developers, funds, LPs, and other service providers.
These events also provide great educational opportunities. Panel topics included everything from fund structuring, macro-economic drivers, and disposition trends to regulatory and tax considerations and technology updates. Ron Rossi, VP of Business Development at IMS, was featured on a panel to discuss “Seniors vs. Millennials – Where Should You Be? How Should You Be Positioning Your Portfolio?”. This panel took an in-depth look at a multitude of factors that are currently impacting investment decisions around Millennial-centric and senior-specific housing. Some of the topics that were covered include the following:
- Impact of the current administration, changing tax code, Obamacare, Medicare, and social security rates
- Which sectors you should be looking at, which sectors LPs like, and which sectors foreign investors are interested in
- Historical performance of companies like Regus vs. public senior housing companies
- Investing in co-working and co-living companies
The panel was asked to share their insight as to which of the two sectors had more opportunity: Millennials or Baby Boomers. The consensus on Millennials was that there is still opportunity, but it’s difficult to gauge how much more runway there is, especially when you consider that 80% of Millennials now want to own a home. The panel concluded that senior housing was the better long-term play given the fact that 10,000 Baby Boomers turn 65 every day through 2030, they are living longer than ever before, and they have a desire to live in cities that are walkable and within close proximity to shopping, dining, parks, and public transportation.
One twist the panel brought up is the recent trend of co-living apartments. This is an emerging sector that multifamily owners are focusing on, as well as hotel operators. Stay tuned for more on this topic from the IMS team in the weeks to come.
Interested in learning more about any of the topics discussed at the IMN show? Connect directly with Ron Rossi here. Or if you’re looking for more updates on the commercial real estate market, check out this free on-demand webinar with NREI on The Future of Commercial Real Estate: Market Dynamics and Technology Trends.
